page_title: Economy of Suriname
section_title: Bauxite
hierarchical_section_title: Economy of Suriname / Bauxite
caption_attribution_description: English: Export Trading Treemap. From MIT/Harvard Atlas of Economic Complexity
context_page_description: The economy of Suriname was largely dependent upon the exports of aluminium oxide and small amounts of aluminium produced from bauxite mined in the country. However after the departure of Alcoa, the economy depended on the exports of Crude oil and gold. Suriname was ranked the 124th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings.
context_section_description: The backbone of Suriname's economy is the export of aluminium oxide (alumina) and small amounts of aluminium produced from bauxite mined in the country. In 1999, the aluminium smelter at Paranam was closed and mining at Onverdacht ceased; however, alumina exports accounted for 72% of Suriname's estimated export earnings of US$496.6 million in 2001. Suriname's bauxite deposits have been among the world's richest.
  Inexpensive power costs are Suriname's big advantage in the energy-intensive alumina and aluminium business. In the 1960s, the Aluminum Company of America (Alcoa) built the US$150-million Afobaka Dam for the production of hydroelectric energy. This created the Brokopondo Reservoir a 1,560 km² lake, one of the largest artificial lakes in the world.
caption: Export Trading Treemap of 2012
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